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20121129
20121207
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KGO (ABC) 5
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ABC
Nov 29, 2012 5:30pm PST
of tax rates for the wealthy. obama insisting they go up, boehner insisting they don't. >> listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. >> reporter: and taxes aren't the only sticking point. republicans are demanding the president come forward with a plan to limit spending on medicare and social security, something many democrats say is just not acceptable. >> i didn't have my own card with me. jill wouldn't let me have one. >> reporter: vice president biden got into the act today, too, taking a break from christmas shopping and snacking at costco to urge congress to extend middle class tax cuts. >> i think it's important congress acts now. i mean, right now. >> reporter: can mitt romney, with all his business experience, play a role on brokering a deal? well, don't count on it, diane. the president did not ask for his help today and the two simply agreed to keep in touch. and for now, nothing more. >> all right, thank you, jonathan karl. >>> and now, we move onto two towns that had reason to rejoice
ABC
Nov 30, 2012 5:30pm PST
speaker john boehner, declared a stalemate, while president obama warned that republicans must accept higher taxes on the rich or watch everyone get a tax hike. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> so, what is next? george stephanopoulos is going to sit down with the treasury secretary tim geithner for a reality check on these negotiations, this sunday on "this week." >>> and we head overseas now to israel, and the provocative new announcement there. officials in israel saying they will build 3,000 new israeli homes in jerusalem. the palestinians condemned the announcement. it comes on the heels of that historic vote by the united nations, making palestine an observer state, over the objections of israel and the u.s. >>> and nearby in egypt, tahrir square again filling up with protesters, more than 100,000 at times today, chanting against their president, mohamed morsi, claiming he jammed through a draft of a new constitution, which strengthens the muslim brotherhood against christians and liberals. critics say it would curb the
ABC
Nov 28, 2012 5:30pm PST
with the story. >> reporter: president obama today continued his public relations push, surrounding himself with supporters who wrote the white house, saying they do not want to see a tax increase on the middle class. it's all part of a move to rachet up pressure on republicans in congress to reach a deal before the nation goes off the so-called fiscal cliff, which would increase taxes for the average family by $2,200. >> that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition. >> reporter: but house republicans will not relent on their opposition to any plan that would raise taxes on the wealthy. >> you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses. it will hurt our economy. >> reporter: the latest abc news/"washington post" poll shows the public is with the president on this debate. on this debate. 60% support raising taxes on incomes higher than $250,000. >> it's going to affect their standard of living
ABC
Dec 3, 2012 5:30pm PST
demanding higher tax rates for the top two tax brackets and republicans refusing. after refusing the proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction mostly through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck, so the lack of progress has not yet resulted in a market plunge, but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is scheduled to go on wi
ABC
Dec 4, 2012 5:30pm PST
and fast. >> reporter: president obama used his first interview since his re-election to drive home his insistence that key to the u.s. beginning to pay down its debt and avoid going over the fiscal cliff is raising tax rates on the wealthiest americans. >> we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> reporter: if republicans agree to do that, the president told bloomberg television, he'll agree to serious spending cuts. republicans have offered to raise taxes on higher incomes by $800 billion, not by raising tax rates, but by eliminating some deductions and loopholes. during last year's budget showdown, the president said he wanted to do exactly that. >> what we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base. >> reporter: but now the president does not. he says it wi
Search Results 0 to 4 of about 5